1048 GERRARD Street
Toronto E01, ON
- 1,789 sqft
- Store W Apt/Office
- 153 days on market
Incredible opportunity to own this turnkey investment in South Riverdale. Building sale includes ownership of coin laundry business; in operation for 40+ years with solid customer base. Main floor offers a legal rear addition containing a kitchenette and additional basement storage with private washroom. The second floor provides a 2 bedroom, 1 bathroom apartment; separately metered with 2 entrances and private rear deck. Potential to rent unit for $2500/month. 3 parking spaces also included with access through rear laneway. The unit has building has the potential to generate up to 6 figures in annual passive income and would be a great addition to any real estate portfolio. End users have the unique opportunity to reside in the unit above while the business below generates the income to pay their mortgage. Business currently has a site manager who is willing to stay and continue to maintain business Business currently has a site manager who is willing to stay and continue to maintain business
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $9,769
- Listed
- April 1, 2026
Price History
Listing history
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Property
- Lot Size
- 6.06 x 33.56 Metres
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Gerrard St E & Jones Ave
- Zoning
- CR2.5(c1;r2.5*1579)
- Possession
- Immediate
- Occupancy
- Owner
Commercial
- Office / Apartment Area
- 758 Sq Ft
Included
- Inclusions
- All existing equipment and appliances (As is)
Community
Postal area M4M
- Population
- 25,052
- Private dwellings
- 12,249
- Median age
- 38.8
- Average household size
- 2.2
- Median household income
- $99,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E01 · last 12 months
- Median sold price
- $1,170,000
- Homes sold
- 691
- Median days on market
- 9
- Sale-to-list price
- 106.2%
Based on 691 recorded sales of commercial properties in Toronto E01 over the last 12 months.
Listed by
CENTURY 21 LEADING EDGE REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,789 sq ft
- Price per sq ft
- $670.21
- Annual property tax
- $9,769
- Tax per sq ft
- $5.46
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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